Business

Hopes fade for tourism boom in Pyeongchang

Pyeongchang had hoped for the kind of transformation that happened in Seoul after the Summer Olympics 30 years ago.

By FOSTER KLUG and KIM TONG-HYUNGAssociated Press

PYEONGCHANG, South Korea — The equation was supposed to be simple. To build a world-class ski destination, simply add the Olympics and wait.

But even as South Korea basks in the glow of daily competition and global attention, hope is fading that Pyeongchang will do what was promised during its successful 2011 Olympics bid and turn an ignored, impoverished backwater into a premier Asian ski hub.